BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin
BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.
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African crypto exchange registers $3.2B in transactions ahead of global expansion
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Cyber sleuth alleges $160M Wintermute hack was an inside job
A fresh new crypto conspiracy theory is afoot — this time in relation to last week's $160 million hack on algorithmic market maker Wintermute — which one crypto sleuth alleges was an "inside job."Cointelegraph reported on Sept. 20 that a hacker had exploited a bug in a Wintermute smart contract which enabled them to swipe…
DeFi on Polkadot: An alt chain with interoperability on the horizon
The Polkadot blockchain platform only launched its mainnet in May, but it is already pushing to become a major competitive force in the sector. In late August, following a DOT token redenomination, Polkadot smashed into the top 10 cryptocurrencies, overtaking established altcoins such as EOS, Litecoin (LTC) and others. Kelvin Koh from Asian crypto fund Spartan…
Industry exec explains why NFT fraud protection falls on brand and not marketplaces
Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.Brands that issue NFTs should be taking the first step to protecting themselves and potential investors from fraud, BrandShield CEO Yoav Keren said in an interview with Cointelegraph on Oct. 12.According…
Investors have more work to do in ensuring the success of Web3: PBW2023
At Paris Blockchain Week 2023, a group of Web3 professionals discussed how this new paradigm is disrupting traditional business models and creating opportunities for startups and investors. 885 Total views 1 Total shares Own this piece of history Collect this article as an NFTA group of professionals in Web3 took to the Master stage at…
EY deploys blockchain products on China’s Blockchain-based Service Network
EY is collaborating with major Chinese blockchain projects like BSN and FISCO BCOS to expand its blockchain deployment in China. 1518 Total views 10 Total shares Ernst & Young, one of the world’s largest professional services networks, is expanding its blockchain services in China in partnership with major local blockchain projects.According to a Feb. 5…
Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO
Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4.The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the availability…
Calls to release Binance exec intensify after 6 months in Nigerian detention
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February.